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PBOC injects $ 14.6 billion into market to ensure liquidity

7 Sep 2020 12:13 PM

The People's Bank of China announced on Monday that it has injected 100 billion yuan, or $14.6 billion, into the market to maintain liquidity amid the global economic crisis.

According to a state Chinese central bank statement, this amount was infused into cash through seven-day reverse repos at an interest rate of 2.2%.

The People's Bank of China recently injected 200 billion yuan ($29 billion) into the financial system via a 14-day reverse repurchase to ensure liquidity.

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